Market Review: Open
The Reliability Panel’s 2021 Annual Market Performance Review (AMPR) provides observations and commentary on the reliability, security, and safety performance of the power system over the period from 1 July 2020 to 30 June 2021. The market update providing initial insights and analysis has been published in December 2021.
Market Performance Update
The Panel has released a market performance update to provide industry stakeholders with key information to facilitate more dynamic engagement, prior to the final report being published in 2022. The update provides market participants with more timely information about power system performance and emerging trends in the areas of security, reliability and safety.
The market update covers the range of topics required for the annual review and some current and emerging issues, including ongoing system load trends and the impact of transmission outages on reliability.
The final report – scheduled for Q2 2022 – will provide the Panel’s fulsome commentary on current and emerging trends and issues. The review is a requirement of the National Electricity Rules and is conducted in accordance with the terms of reference issued by the AEMC.
The annual review is becoming increasingly relevant as the power system faces a period of rapid transition, with the impacts of this transition already becoming apparent.
It compiles information collected from a number of sources including the Australian Energy Market Operator, the Australian Energy Regulator, and market participants.
As was the case last year, the Panel will develop a data portal so that stakeholders can easily access the key data sets used in the report. The portal will be published when the review is published by mid-2022.
The purpose of the review final report is to:
- Provide stakeholders with consolidated information and expert commentary about the performance of the power system and market in a single publication.
- Highlight emerging trends to help inform the policy and investment decisions of governments, policymakers, market institutions and market participants.
- Identify the issues for attention related to the frameworks or mechanisms used to deliver reliability, security, and safety.
The Reliability Panel
The Reliability Panel’s core functions relate to the security, reliability, and safety of the national electricity system. The focus of the Panel’s work is on determining standards and guidelines which are part of the framework for maintaining a secure and reliable power system.
The Panel is chaired by AEMC Commissioner, Charles Popple. Its members are broadly representative of all stakeholders interested in the operation of the power system and the electricity market including consumer groups, generators, network service providers, retailers and the power system and market operator.
The Panel work program for 2021-22 is a varied work program including: